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Week in Review: Lawsuit to legalize cannabis, judge sidesteps Nevada dispute & High Times + Nasdaq

John Schroyer  | July 28, 2017

By John Schroyer, Bart Schaneman and Omar Sacirbey

A lawsuit against the U.S. government could lead to national legalization of cannabis, a judge refuses to intervene in Nevada’s recreational marijuana conflict, and High Times magazine hopes to be publicly traded.

Here’s a closer look at some notable developments in the marijuana industry over the past week.

Could medical marijuana company’s past haunt its future?

Omar Sacirbey  | July 27, 2017

By Omar Sacirbey

Vireo Health, a multistate medical marijuana business, has aggressive expansion plans. But the Minnesota company's goals could be undermined by two former executives whom prosecutors allege moved cannabis across state lines, a violation of federal law.

There has already been fallout, and industry observers say there's potential for more.

NV judge won’t stop rules allowing retailers to distribute rec cannabis

Bart Schaneman  | July 26, 2017

A Nevada judge has denied a request by a group of alcohol distributors to halt emergency regulations allowing the state to license some recreational marijuana retailers to transport product from growers to storefronts.

After hearing arguments, a Carson City District Judge ruled in favor of the recently approved regulations, citing the state’s position that the …

Ohio OKs funding for medical marijuana seed-to-sale system

Bart Schaneman  | July 26, 2017

Ohio’s medical marijuana budget swelled to $11 million after state regulators received approval to spend an additional $6 million over the next two years, including the purchase of a seed-to-sale tracking system.

The funding for the Ohio Medical Marijuana Control Program is on top of the previously approved $5 million.

The largest sum …

Marijuana companies could soon face major upheaval at federal level

John Schroyer  | July 26, 2017

By John Schroyer

Life could get a lot harder for the marijuana industry in the next two months, with advocates warning that a pair of cannabis business-protecting federal policies could be in serious jeopardy.

At issue is what action the federal government may take involving the precarious 2013 Cole Memo and expiring Rohrabacher-Farr Amendment.

Maine cannabis edibles sales soared 66% in 2016

Omar Sacirbey  | July 25, 2017

Medical marijuana patients in Maine spent $2 million on edibles products in dispensaries in 2016, making it the fastest-growing segment of the state’s MMJ industry.

The tally represents about 7.4% of the overall $26.8 million spent at Maine’s eight dispensaries last year, according to the Portland Press Herald.

By contrast, Mainers spent $1.2 …

Coalition sues US government with aim of legalizing cannabis

John Schroyer  | July 25, 2017

A group of five diverse plaintiffs have filed suit against the federal government and two Trump administration officials, claiming that marijuana’s status as a Schedule 1 narcotic is unconstitutional and should be changed.

The 89-page lawsuit, filed in New York District Court, asks that the Controlled Substances Act of 1970 be declared unconstitutional and that …